For Immediate Release – Clean Prosperity Response to PBO Report on Carbon Taxes: A Higher Carbon Tax Means a Higher Rebate Today, Canada’s parliamentary budget watchdog said a higher price on carbon will be needed if Canada is to meet its Paris Agreement targets for greenhouse-gas emissions. The report said the price on carbon pollution will need
This week, the Parliamentary Budget Office released a report on how much revenue the federal carbon price would generate and how that would impact households and businesses. While the PBO correctly showed that the bulk of the revenue raised would come from the fuel levy, rather than industry, all the money from this levy is going directly
Canadians across the country are beginning to file their taxes in anticipation of April’s deadline. This year, residents of Manitoba, New Brunswick, Ontario and Saskatchewan can claim an additional rebate. The rebate was designed by the Federal Government to help residents of those provinces adjust to increased costs and make choices that save them money
For almost a decade, many Canadian conservatives have shied away from the idea of putting a price on carbon, deeming it an unnecessary “tax on everything.” But with a large majority of the Canadian population supporting some form of carbon pricing, and carbon pricing regimes in place or under consideration in provinces with over 80%
The Business Council of Canada endorsed carbon pricing almost a decade ago, in a 2007 policy declaration titled “Clean Growth: Building a Canadian Environmental Superpower”. A year later, British Columbia introduced its groundbreaking carbon tax – the first such scheme in Canada and one of the first anywhere in the world. The rationale behind our
